Bybit Confirms Over $1.4 Billion in Ethereum Stolen in Exchange Wallet Hack

Changes are being made on Elon Musk's social media platform, X, to combat crypto scams, including auto-locking and verification for users posting about cryptocurrency for the first time. These measures aim to deter malicious actors from promoting crypto tokens and prevent community mention spam attacks.

Drift Protocol's $285 million exploit has raised concerns about its design features and procedures, following a sophisticated attack that granted unauthorized access to the platform. The incident highlights the risks associated with centralization in DeFi projects, such as the use of multisignature wallets.

The x402 Foundation, overseen by the Linux Foundation, will manage the development of a new internet payments standard, x402 protocol, contributed by Coinbase. This vendor-neutral protocol allows websites to request payments during normal web traffic, fostering transparency and community-driven growth.

Postquant Labs, in partnership with D-Wave Systems, has introduced Quip Network, a quantum-classical blockchain testnet for mining cryptocurrency using quantum computers. Miners solve optimization problems instead of hash-based calculations, earning QUIP tokens for accessing quantum computing time.

Coinbase announced plans to refine services after receiving conditional approval for a national trust bank charter from the OCC. The charter will provide regulatory uniformity for custodying assets, enabling the exchange to create new products for individuals and institutions.

Vitalik Buterin detailed his private and secure AI setup, running it on local hardware to prevent unauthorized actions. He uses a custom tool with a large language model for added security, emphasizing the importance of human approval for AI actions.

A hoax about the death of Jonathan, a nearly 200-year-old tortoise, went viral on April Fool's Day, causing confusion and prompting a clarification from the Governor's Office. Despite the fake news, Jonathan remains a beloved symbol on St Helena, with a dedicated team monitoring his well-being.

The CFTC has finalized a disgorgement order against former FTX engineering head Nishad Singh, requiring him to pay $3.7 million for misappropriated customer assets. Singh also faces a five-year trading ban and an eight-year registration ban.

Over $600,000 in cryptocurrency was recovered and forfeited by the U.S. Attorney's Office for the District of Connecticut from a fraud scheme involving a phishing scam targeting a Ledger hardware wallet user. The FBI and state police traced the funds, leading to the seizure of $600,000 in USDT stablecoin.

Geopolitical tensions in the Middle East have impacted the crypto market, causing volatility and uncertainty. The conflict has led to fluctuations in oil prices, inflation concerns, and shifts in risk sentiment, affecting the performance of cryptocurrencies like Bitcoin and Ethereum.